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Important Current Affairs of 4 March

NATIONAL:

April 2019 to March 2020 declared as Construction Technology year

• Prime Minister Narendra Modi declared April 2019-March 2020 as Construction-Technology year at the Construction Technology India-2019 Expo-cum-conference in New Delhi.

• Construction-Technology year emphasizes the role of advanced technology to meet the increasing demand for housing in the country. The declaration of Construction year aims to gives the housing sector a new pace by using the latest technologies available in the world. India has even launched the Global Housing Technology Challenge to fast-track the construction of affordable housing and meet the target of constructing 1.2 crore houses by 2022.

Usha Thorat-led task force to ensure stability of external value of rupee

• The Reserve Bank of India constituted an eight-member task force on offshore rupee markets, headed by Usha Thorat former Deputy Governor, to look into issues related to the markets and recommend appropriate policy measures to ensure the stability of the external value of the rupee.

• The terms of reference of the task force include assessing the causes behind the development of the offshore rupee market; study the effects of the offshore markets on the rupee exchange rate and market liquidity in the domestic market; and recommend measures to address concerns, if any, that may arise out of offshore rupee trading.

Prime Minister Narendra Modi chairs National Security Council meet

• Prime Minister Narendra Modi chaired a meeting of the National Security Council on Sunday following heightened tensions with Pakistan

• He Official sources said the meeting was attended by Home Minister Rajnath Singh, Finance Minister Arun Jaitley, External Affairs Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman.

• The NSA is tasked with advising the prime minister on matters of national security.

• It was set up by the Atal Bihari Vajpayee government in 1998, with Brajesh Mishra as the first National Security Advisor (NSA).

Sushma Swaraj addresses OIC Foreign Ministers plenary session in Dubai

• External Affairs Minister Sushma Swaraj addressed the plenary session of the foreign ministers’ meet of the Organization of Islamic Cooperation states in Abu Dhabi.

• She presented a picture of the secular fabric of India and began the speech by saying that she stands as a representative of land that has been for ages a fountain of knowledge, a beacon of peace, a source of faiths and traditions, and home to religions from the world.

Centre, ADB sign 926 million loan agreement to operationalize two lines of Mumbai Metro

• The Union Government on March 1, 2019 signed a 926 million dollar loan agreement to operationalize two of the Mumbai Metro Rail System.

• The move will ease the distress of millions of commuters each day and help provide a cleaner and less congested city. The loan agreement was signed by Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs, on the behalf of the Indian Government and Kenichi Yokoyama, Country Director of ADB's India Resident Mission on behalf of ADB.

• The carriages procured under this project will feature high-level safety features and automation, including surveillance systems, door closing, and train obstacle detectors.

Govt approves Adani Powers Rs 14,000 crore Jharkhand SEZ project.

• The government has approved a Rs 14,000-crore special economic zone (SEZ) project of Adani Power in Jharkhand, which will export the entire power generated in the Unit to Bangladesh.

• It will be ready by the end of 2022.

• The company had sought approval for setting up the project over an area of 425 hectares.

• Two supercritical units of 800 MW each would be set up with an investment of Rs 14,000 crore, which would include setting up of a water pipeline and a power evacuation system.

PM Modi flagged off Tejas Express, fastest train between Chennai and Madurai.

• This train will be the fastest in the Chennai-Madurai corridor and is India’s first semi-high speed fully AC luxury train.

• PM Modi also laid the foundation stone for two other projects which will boost rail infrastructure in Tamil Nadu.

• PM laid the foundation stone for the restoration of rail connectivity between Rameswaram and Dhanushkodi. The 17.20 Km railway line project is worth Rs 208 crore.

• Prime Minister also laid the foundation stone for the construction of new bridge Pamban viaduct. This will be India's first ever vertical moving bridge. The cost of this project is Rs 250 crore.

India signed deal with Russian firm to produce 7.5 lakh AK-203 rifles

• For the AK-203 Assault Rifles, the deal was signed between the OFB (Ordnance Factories Board) and the Russian company Concern Kalashnikov.

• The AK-203 rifles, the latest derivative of the AK-47 rifles, will be produced at the Indian Ordnance Factory at Amethi's Korwa.

• The new 7.5 lakh rifles will replace the indigenous INSAS rifles in the Army, Air Force and Navy.

• AK-47, officially known as the Avtomat Kalashnikova, is the most basic model followed by AK 74, 56, 100 series and 200 series.

INTERNATIONAL:

NASA created a deep ocean conditions in lab to study origins of life.

• Scientists from NASA, the U.S. space agency, have reproduced deep ocean conditions in the lab to re-create a life that could have formed on the sea floor four billion years ago.

• The study focuses on how the building blocks of life form in hydrothermal vents on the ocean floor. It could offer clues to how life started on Earth. Hydrothermal vents are places on the seafloor where warm water from under the Earth’s crust mixes with near-freezing seawater. These vents form natural chimneys, which play host to all kinds of ocean life.

• The team at NASA’s Jet Propulsion Laboratory (JPL) in California made their own miniature sea floors by filling beakers with mixtures that mimic Earth’s primordial ocean.

APPOINTMENTS AND RE-APPOINTMENTS:

Macky Sall has been re-elected as the President of Senegal

• Macky Sall has been re-elected as the President of Senegal. He won the re-election with58.27% of votes cast. Under the election system of Senegal if a candidate wins more than 50% votes there would be no second round voting and he would be announced the winner.

Sports:

Shashank Shekhar claimed 10 km Nepals (COAS) Marathon and Run for Fun.

• Shashank Shekhar won the 10-kilometre race of Nepal’s Chief of Army Staff (COAS) Open Marathon and Run for Fun which was held in Nepal’s Capital- Kathmandu.